A growing population
Population growth is a significant contributor to housing demand. Between 2007 and 2015 population growth averaged just over 6,000 people annually; between 2016 and 2020 this average more than doubled to over 14,000 per year. During the pandemic, growth virtually stopped, but rebounded in 2021, growing by approximately 15,000 people. As in many other communities, non-permanent residents (largely international students) and international migrants are significant contributors to this growth. Intra-provincial growth (from other areas in Ontario into Hamilton) has remained relatively consistent for the past decade.